Securities / Derivatives

Securities / Derivatives

FSC Korea to Introduce Takeover Bid Rule for M&A Deals

By Editors | 30/12/2022

The rule will require takeover bidders to offer minority shareholders an opportunity to sell their shares in a corporate merger or acquisition.

AML / KYC

SFC to Collect More Granular Data from Licenced Firms

By Manesh Samtani | 30/12/2022

Many of the new questions in the SFC’s updated BRMQ focus on AML/CFT practices and brokerage business controls.

Securities / Derivatives

UK Court Dismisses Case Seeking LME Disclosures on Cancelled Nickel Trades

By Editors | 30/12/2022

The lawsuit sought disclosures from the LME regarding its March decision to cancel nickel trades. The court said the merits of the case were “weak”.

Securities / Derivatives

NSE Chief Pushes to Extend Trading Hours for Indian Equities

By Editors | 30/12/2022

Ashish Chauhan said longer hours would enable mutual funds and banks to increase participation in hedging and liquidity-providing activities.

Market Infrastructure

SEBI Proposes Regulatory Framework for Index Providers

By Manesh Samtani | 29/12/2022

Index providers could be subject to SEBI’s framework even if they do not know their indices are being used in India, and even if they are not regulated in their home market.

Enforcement

SGX RegCo Bars UOBKH from Acting as Issue Manager

By Editors | 29/12/2022

SGX RegCo said it has considered actions already taken by MAS and the interests of the market, and decided to impose additional requirements on UOBKH.

Enforcement

ASIC Fines Super Fund Trustee Diversa for Alleged Greenwashing

By Editors | 28/12/2022

ASIC said the statements made by Diversa Trustees were too broad, potentially misleading consumers about its investment screens.

Securities / Derivatives

Korean Brokers Put on Notice for Selling, Lending Practices

By Sanday Chongo Kabange | 28/12/2022

The concerns relate to self-issued equity and derivative-linked bonds sold by securities firms, and the offering of high interest credit loans to investors.

Securities / Derivatives

Korea Gets New Guidelines for PE Fund Asset Evaluations

By Editors | 27/12/2022

Effective from 1 January 2023, the guidelines are part of the response by the FSS and KOFIA to boost market confidence after a series of hedge fund scandals in Korea.